Herbalife and subpoenas
Bill Ackman has now conceded that his (sub)contractors have received subpoenas regarding Herbalife.
The Wall Street Journal – who broke the story say:
[the investigators are] looking into whether people, including some hired by Mr. Ackman, made false statements about Herbalife’s business model to regulators and others in order to spur investigations into the company and lower its stock price.
There is a presupposition here – which is that the Feds believe that the story told regulators is false.
No more comment is required.
John
Source: http://brontecapital.blogspot.com/2015/03/herbalife-and-subpoenas.html
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